1 The Urban Redevelopment Authority (URA) has awarded the tender for the site at Lakeside Drive to the highest tenderer, CDL Polaris Properties Pte. Ltd. and CDL Polaris Commercial Pte. Ltd.
2 The site at Lakeside Drive was launched for tender on 8 April 2025. The tender for the site closed on 3 June 2025. The site was offered for sale on a 99-year lease term.
3 Details of the awarded site and the successful tenderer are provided below:
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| LOCATION | ALLOWABLE DEVELOPMENT | SITE AREA | MAXIMUM PERMISSIBLE GROSS FLOOR AREA (GFA) | SUCCESSFUL TENDERER | TENDERED PRICE ($PSM of GFA) |
|---|---|---|---|---|---|
| Lakeside Drive | Residential with Commercial at 1st Storey | 13,485.1 m2 | 49,895 m2 | CDL Polaris Properties Pte. Ltd. and CDL Polaris Commercial Pte. Ltd. | 608,000,000.00 (12,185.59) |